![]() Reverse Mortgage - Contents not provided by, or approved by FHA, HUD or any other government agency. Coastal Pacific Mortgage is a DBA to Pacific Residential Mortgage, LLC AZ BK 0945669 | Texas Complaint and Recovery Fund Notice | USDA - Some state and county maximum loan amount restrictions may apply. Loans made or arranged pursuant to a California Finance Lenders Law license. ![]() Non-QM loans can be used for primary residence mortgages, refinance loans, cash-out refinances, and investment property loans.Ĭomplaints? Email us at or call us at (888) 723-0331Įqual Housing Lender. These include loan terms longer than 30 years, interest-only loans, higher debt ratios or alternate income verification methods. Non-QM loans employ non-standard mortgage terms in order to help borrowers qualify. What Types of Non-QM Loans Are Available? Non-QM loans take a more holistic approach to an applicant’s financial situation though, rather than relying on a standard underwriting matrix. Credit scores and debt-to-income ratios will be factored in. In some cases, income verification is not even necessary. In order to verify income, you can provide either personal and business tax returns or bank statements or investment account statements. The documents required will vary greatly based on the financial situation of the applicant. What Documentation is Required for Non-QM Loans?
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